Market Update – December
By Nick Staton – Owner Statons Estate Agents
Boxing day, one of the busiest days of the year
The time between Christmas and New Year is surprisingly one of the busiest times in the property market calendar.
Typically, boxing day is one of the busiest times of year for both our own and property portal websites, last year we had almost 60% more website traffic than the previous year.
Given our experience within the local property market in the run-up to Christmas, we anticipate another busy one this year.
Pre Christmas market
December as a whole has been an unusually active month, with considerably more new buyers than we would normally expect coming to the market, as well as a good number of sellers putting their homes up for sale in preparation for the new year.
With higher mortgage interest rates and the increased cost of living, there is of course much media speculation about the property market. Although from experience, we know that people continue to have children, move jobs, trade up or down and retire, and these life events inevitably mean a home move.
Mind the Gap
As I discussed in last month’s market update, the key to buying and selling property in more uncertain times is to not necessarily focus on the price of the property you are selling, but to think about it in terms of the gap between what you sell for and the price you can negotiate on your onward purchase.
There are some very motivated sellers out there that understand that it’s the gap that’s important, if you can negotiate a deal that works for both you, as well as your seller and buyer.
This year, we have seen an unprecedented increase in the number of properties sold via our ‘Undisclosed’ property sales service, the service is focused on homeowners that wish to keep the sale of their home ‘under the radar’. For property owners wishing to consider this strategy or to learn more about the service, please read our ‘Secret of selling’ article.
Prime Buyers Service
For buyers interested in being notified of our undisclosed properties, you should be registered in our Prime Buyers Service, as only Prime buyers are discreetly introduced to our exclusive Undisclosed properties. To learn more about this service read our ‘Prime Buyers’ article.
New Year, New Home, New Homes?
Here is a selection of homes that have recently been reduced that are worth a look over the holidays…
New Barnet – Price £500,000
Fabulous penthouse apartment within a few minutes talk of New Barnet Station. Offering feature open-plan lounge/kitchen diner, two bedrooms, 2 bathrooms, large terrace, and secure allocated parking… Read more
Hillside Gardens, Barnet – Price £1,350,000
We are delighted to offer for sale 4 double bedroom detached, period family home that is situated within easy reach of the local amenities of High Barnet… Read more
Woodgate Avenue, Northaw – Offers In Excess Of £1,095,000
A beautifully presented three-bedroom detached family home bursting with character and charm set in a stunning semi-rural private development built by renowned developers Charles Church being Barvin Park Northaw Valley… Read more
Harmer Green Lane, Burnham Green – Guide Price £5,900,000
HLODGE FARM offers a truly unique opportunity to acquire this truly amazing residence located behind secure electronic gates on an incredible plot of circa 23 acres… Read more
Partingdale Lane, Mill Hill – Guide Price £2,595,000
Located off a small country lane, and situated within the grounds of an acre of land within the Mill Hill Conservation area, together with a separate Home Office/Studio. Statons are delighted to present to the market Partingdale Lodge… Read more
Lawrence Court, Mill Hill – Offers Over £2,000,000
A detached family home situated in a highly sought after residential cul-de-sac, that has recently been extended and newly refurbished throughout… Read more
Moving in 2023?
If you are thinking of buying or selling a property, we are always happy to offer specific advice and help you plan for your next move.
Please don’t hesitate to call me.
Thank you for reading and my very best wishes for a happy and healthy 2023.
Nick Staton – Owner Statons Estate Agents